BANKRUPTCY & FINANCIAL RESTRUCTURING With nearly 20 full-time bankruptcy and workout lawyers, we have one of the largest bankruptcy and restructuring groups in the region. Our group includes seasoned litigators, accomplished negotiators, and creative problem solvers. Our size and breadth of experience make us capable of meeting the bankruptcy or restructuring needs that a company or lending institution may have. As bankruptcy lawyers, our Bankruptcy & Financial Restructuring group possesses both the transactional and litigation experience necessary to represent a wide array of clients effectively. We have experience navigating the ever-shifting alliances among various creditor constituencies, from first-day cash collateral disputes to plan negotiations. Our extensive representation of financial institutions makes us particularly well-suited to document and negotiate DIP and exit-financing facilities. We also frequently assist buyers at bankruptcy auctions, parties facing assumption or rejection of leases in bankruptcy, trade creditors asserting reclamation claims or defending preference actions, and other creditors who are simply trying to understand the ramifications of a bankruptcy filing. In addition, we periodically serve as counsel to debtors and unsecured creditors’ committees. We have advocated for virtually every kind of creditor in bankruptcy proceedings and have represented clients in federal bankruptcy courts across the country. Representative Bankruptcy Matters Representative Bankruptcy matters include: Lenders ● AeroThrust Corporation (Del.): Representation of agent in a senior secured lending facility with a borrower in the aircraft engine leasing, sales and repair industry. ● Arch Aluminum & Glass Co. (S.D. Fla.): Representation of agent in a senior secured lending facility with aluminum and glass manufacturer and distributor. ● Centennial Healthcare Corporation (N.D. Ga.): Representation of co-agent for syndicate of lenders with over $220 million of loan and synthetic lease exposure in bankruptcy involving multi-state nursing home company, including negotiation of confirmed liquidating chapter 11 plan. ● Crescent Resources, LLC (W.D. Tex.): Assist with the representation of administrative agent in an approximately $1.5 billion syndicated facility and $110 million debtor in possession financing facility in chapter 11 bankruptcy cases of a large real estate developer and its affiliates. ● Crown Pacific L.P. (Ariz.): Representation of agent for syndicate of lenders with $200 million in exposure in negotiating confirmed creditors' plan for debtor timber company. Prepetition, negotiated major restructure involving significant additional collateral coverage, $78 million pay-down and resolution of difficult intercreditor issues with private placement note holders holding $250 million of senior debt. Corporate, Private Client & Transactional Litigation & Global Disputes Finance & Investments mvalaw.com Bankruptcy & Financial Restructuring ● DBSI, Inc. (Del.): Representation of secured lender with over $66 million of secured claims against real property in five states. ● Delta Air Lines, Inc. (S.D.N.Y.), Northwest Airlines, Inc. (S.D. N.Y.), UAL Corporation (N.D. Ill.) and U.S. Airways Group, Inc. I & II (E.D. Va.): Representation of hub airport with claims arising from leases, landing fees and bond financing. ● Den-Mark Construction, Inc. (E.D.N.C.): Representation of secured construction lender in connection with approximately $14 million of exposure to home builder in chapter 11 proceedings. ● Flying J, Inc. (Del.): Representation of secured lender in chapter 11 bankruptcy case of a large fuel refiner and retailer and its subsidiaries. ● Hendricks Furniture Group, LLC (W.D.N.C.): Representation of senior secured lender with approximately $28 million of exposure in connection with chapter 11 proceedings of North Carolina furniture retailer, resulting in consensual plan of reorganization. ● Interlake Material Handling, Inc. (Del.): Representation of subordinated secured lender in bankruptcy case of industrial shelving manufacturer and installer. ● Mammoth Grading Inc. (E.D.N.C.): Representation of equipment lessor in the chapter 7 bankruptcy case of a grading and construction company. ● Meadowcraft, Inc. (N.D. Ala.): Representation of senior lenders in successful chapter 11 bankruptcy where senior debt was consensually restructured. ● Mercedes Homes, Inc. (S.D. Fla.): Representation of agent for lenders that extended over $155 million of senior secured financing to real estate developer that emerged from chapter 11 with a confirmed plan negotiated with, and supported by, senior lenders. ● Mesa Air Group, Inc. (S.D.N.Y.): Representation of lessors for multiple aircraft in connection with regional airline’s chapter 11 proceedings. ● Pike Nursery Holding, LLC (N.D. Ga.): Representation of agent in senior secured lending facility with nursery plant companies. ● Qimonda Richmond, LLC (Del.): Representation of indenture trustee for loan participants that extended over $150 million in leveraged lease equipment financing in connection with lease to semiconductor manufacturer. ● Railworks Corporation (Md.): Representation of agent for lender syndicate holding $200 million in prepetition debt in rail contractor’s chapter 11 bankruptcy proceeding. Representation included the negotiation of complex five-facility DIP credit arrangements with debtor and its surety as well as plan of reorganization, which was confirmed. ● Representation of Landlords and Lessors: Assist with treatment of unexpired real and personal property leases in tenants' bankruptcy cares. Representations include: ● Hancock Fabrics, Inc. (Del.) ● KB Toys, Inc., et al. (Del.) ● Movie Gallery, Inc. (E.D. Va.) Corporate, Private Client & Transactional Litigation & Global Disputes Finance & Investments mvalaw.com Bankruptcy & Financial Restructuring ● Silver State Helicopters (Nev.): Representation of lender with $30 million secured claim in complex chapter 7 bankruptcy of nationwide helicopter flight training school. ● Smith Mining & Materials, LLC (W.D. Ky.): Representation of senior secured lender with $14 million of exposure in chapter 11 case of multi-state mining company. ● TransCare Corporation (S.D.N.Y.): Representation of senior secured lender with $65 million of prepetition exposure to Manhattan ambulance company in connection with confirmed prepackaged debt-for-equity chapter 11 plan. ● U.S. Airways Group, Inc. I & II (E.D. Va.): Representation of hub airport with claims arising from leases, landing fees and bond financing. ● U.S. Airways Group, Inc. (II) (E.D. Va.): Representation of agent for syndicate of lenders, including Air Transportation Stabilization Board, under $1 billion prepetition credit facility in connection with all facets of debtors’ bankruptcy proceedings. ● Wood Structures, Inc. (Me.): Representation of lender with over $25 million of secured and unsecured claims in the chapter 7 bankruptcy case of a manufacturer and distributer of manufactured wood products.Other Creditors ● Ameritex Yarn, LLC II (M.D.N.C.): Representation of Official Committee of Unsecured Creditors, which was successful in obtaining a 100% recovery, plus interest, for unsecured creditors in involuntary chapter 11 bankruptcy. ● NEGT Energy Trading-Power, L.P. (Md.): Representation of one of the largest creditors/chair of the Official Committee of Unsecured Creditors in connection with pursuit of claim arising under an offtake tolling agreement. ● Prime Carolina LLC (W.D.N.C.): Representation of secured creditor in pre-bankruptcy foreclosure proceeding and preliminary injunction litigation and in stay litigation in bankruptcy case. ● Representation of Defendants in Avoidance Actions: Defend creditors faced with preference and fraudulent transfer actions. Representations include: ● Fabrics Estate Inc. f/k/a Propex Inc. (E.D. Tenn.) ● Plastech Engineered Products, Inc. (E.D. Mich.) ● Radnor Holdings Corp. (Del.) ● TALT (Tower Automotive, Inc.) (S.D.N.Y.) ● Tarpon Industries (E.D. Mich.) ● Representation of Defendants in Avoidance Actions: Defend creditors faced with preference and fraudulent transfer actions. Representations include: ● Sturgis Iron & Metal Co., Inc. (W.D. Mich.) ● BH S&B Holdings LLC (S.D.N.Y.) ● Rehrig International, Inc. (Del.) ● Representation of Landlords and Lessors: Assist creditors with treatment of unexpired real and personal property leases. Representations include: Corporate, Private Client & Transactional Litigation & Global Disputes Finance & Investments mvalaw.com Bankruptcy & Financial Restructuring ● Circuit City Stores, Inc. (E.D. Va.) ● Peak Fitness, LLC (W.D.N.C.) ● Storehouse, Inc. (Va.) ● Representation of Suppliers and Vendors: Assist creditors with recognition of their claims, including 503(b) (9) claims and reclamation claims, critical vendor status negotiations, treatment of executory contracts and general bankruptcy administration. Representations include: ● Bi-Lo, LLC (S.C.) ● Delphi Corporation (S.D.N.Y.) ● General Motors Corporation (S.D.N.Y.) ● Chrysler Group LLC (S.D.N.Y.) ● Nortel Networks, Inc. (Del.) ● Smurfit-Stone Container Corporation (Del.) ● The Wood Pile, LLC (E.D.N.C.): Representation of secured creditor in restructure of real estate loans through confirmed chapter 11 plan. ● W.R. Grace & Co. (Del.): Assist with representation of issuer of approximately $13 million letter of credit. ● W.R. Grace & Co. (Del.): Assist with the representation of issuer of over $20 million in letters of credit to debtors.Debtors